Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
⭐ Merited by vapourminer (1)
#Bitcoin is the best performing asset in the world this year, according to latest data by Goldman Sachs
https://twitter.com/home?utm_source=homescreen&utm_medium=shortcut
I guess the serious investors won't ignore this obvious fact. If an asset during his bear cycle is outperforming the other assets by a lot, it is a no-brainer where they should put some money. So, even with the lack of good news and with a low volume BTC could stabilize around 30K this year and 40K next year.
https://twitter.com/home?utm_source=homescreen&utm_medium=shortcut
I guess the serious investors won't ignore this obvious fact. If an asset during his bear cycle is outperforming the other assets by a lot, it is a no-brainer where they should put some money. So, even with the lack of good news and with a low volume BTC could stabilize around 30K this year and 40K next year.
Yes, BTC is the best performing asset to hold (that's why I'm 98% in), but isn't this comparison is a bit cherry picked ? We are only 3 weeks into the year and just had a mini bullrun out of the lows in this time frame...
Look this could simply be a July 2019 move. Which means lots of down time for a while.
Or maybe it is simply going back to a nice level for mining.
A big farm with 5 cent power and 25 watt gear. And debt along with overhead of building workers maintenance was in serious trouble a while back.
100 th made 6 usd a day. burns 80kwatts or 4 usd at five cent power. nets 2 dollar a unit but then add in building cost, loans ,salaries ,gear maintenance they were under water.
they kind of needed 4 cent power or no loans.
same 5 cent power setup today makes 7.87 a day burns 4 dollars nets 3.87 per unit before all other costs.
10000 units is 38,700 a day vs 20,000 a day.
10000 units could have cost 60 million or maybe as low as 15million
38,700 a day = 14,125,500 a year. vs 7,300,000 a year.